Tristar Finance Mortgage Rates, Fees & Info
KIRKLAND, WALEI: 54930004MLYQ2HKUPN66
Tax ID: 20-5066025
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Mortgage Data
Review & Overview
Tristar Finance is a smaller mortgage company specializing in Home Purchase loans. Tristar Finance has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Seattle, Wenatchee, Colorado Springs, San Francisco, and Bremerton among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)Tristar Finance has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Tristar Finance is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.17% | 11/17/24 |
| 30 Year Conventional Refi | 5.96% | 11/17/24 |
| 30 Year Cash-out Refi | 6.47% | 11/17/24 |
| 30 Year FHA Purchase | 7.86% | 11/17/24 |
| 30 Year VA Purchase | 6.01% | 11/17/24 |
| 30 Year VA Refi | 5.56% | 11/17/24 |
| 15 Year Conventional Purchase | 5.36% | 11/17/24 |
| 15 Year Conventional Refi | 5.68% | 11/17/24 |
| 15 Year Cash-out Refi | 5.68% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Tristar Finance Mortgage Calculator
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This is not an official calculator from Tristar Finance. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
124Origination Dollar Volume (All Markets)
$81,170,000Relative Rate
Tristar Finance's average 30 year fixed mortgage rate was
6.72%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.24%.
Relative Fees (Closing Costs)
Tristar Finance's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,910.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 102 | $70,180,000 | $688,039 | $7,832 | 6.86% |
| Outside of Metro Areas | 2 | $1,970,000 | $985,000 | $10,840 | 6.25% |
| WENATCHEE, WA (FHA|USDA|VA) | 2 | $1,730,000 | $865,000 | $29,225 | 8.38% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $5,296 | 6.38% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $32,143 | 5.25% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $6,163 | 6.99% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $5,970 | 8.63% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $6,350 | 6.88% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,314 | 6.38% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,724 | 6.50% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,850 | 5.50% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,718 | 5.63% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $6,596 | 6.99% |
| CHICO, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,416 | 6.63% |
| Russellville, AR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,981 | 8.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,216 | 7.38% |
| Altus, OK (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,481 | 5.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,242 | 6.50% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,992 | 7.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,953 | 6.99% |
Similar Lenders
We use machine learning to identify the top lenders compared against TRISTAR FINANCE based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 492
Similarity Rank: 693
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 114 | $72,590,000 | $636,754 | $7,284 | 6.91% |
| VA | 8 | $7,200,000 | $900,000 | $15,011 | 6.11% |
| FHA | 2 | $1,380,000 | $690,000 | $26,125 | 6.00% |
For 2023, Tristar Finance's most frequently originated type of loan was Conventional, with 114 originations. Their 2nd most popular type was VA, with 8 originations.
Loan Reason
For 2023, Tristar Finance's most frequently cited loan purpose was Home Purchase, with 99 originations. The 2nd most popular reason was Refi, with 13 originations.
Loan Duration/Length
For 2023, Tristar Finance's most frequently cited loan duration was 30 Year, with 115 originations. The 2nd most popular length was Other, with 5 originations.
Origination Fees/Closing Costs
Tristar Finance's average total fees were $7,910, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 30 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 62 | $36,070,000 | $581,774 |
| 5-6% | 24 | $19,600,000 | $816,667 |
| 7-8% | 24 | $13,100,000 | $545,833 |
| Over 8% | 13 | $11,795,000 | $907,308 |
| 4-5% | 1 | $605,000 | $605,000 |
During 2023, Tristar Finance's average interest rate for loans was 6.72%, while their most frequently originated rate bucket for loans was 6-7%, with 62 originations.
Loan Sizing
2023 saw Tristar Finance place emphasis on $400k-600k loans with 42 originations, totaling $20,750,000 in origination value.
Applicant Income
Tristar Finance lent most frequently to those with incomes in the $250k+ range, with 48 originations. The second most popular income band? $150k-250k, with 41 originations.
Applicant Debt to Income Ratio
Tristar Finance lent most frequently to those with DTI ratios of 20-30%, with 22 originations. The next most common DTI ratio? 30-36%, with 20 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Tristar Finance has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination75.81%
Tristar Finance has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 124 | $81,170,000 | $654,597 |